{"id":42106,"date":"2026-02-28T09:04:27","date_gmt":"2026-02-28T09:04:27","guid":{"rendered":"https:\/\/ipp-news.com\/?p=42106"},"modified":"2026-02-28T09:04:27","modified_gmt":"2026-02-28T09:04:27","slug":"gold-hits-5278-an-ounce-after-sharp-increase","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=42106","title":{"rendered":"Gold hits $5,278 an ounce after sharp increase"},"content":{"rendered":"
Gold and silver prices surged in global and local markets on Saturday.<\/p>\n

In the international bullion market, the price of gold per ounce jumped by $100 to reach $5,278.<\/p>\n

In the domestic market, the price of gold per tola increased by Rs10,000 to Rs540,562, while the price per 10 grams rose by Rs8,574 to Rs463,444.<\/p>\n

Silver prices also recorded an increase, with the rate per tola climbing by Rs388 to Rs9,862. The price of silver per 10 grams rose by Rs333 to Rs8,455.<\/p>\n

Read:\u00a0SPI up 4.2% on flour, power rates<\/p>\n

On the other hand, Pakistan’s short-term inflation, measured by the Sensitive Price Indicator (SPI), increased 4.23% year-on-year in the week ended February 26, 2026, reflecting continued pressure from food staples and energy costs despite recent weekly relief in perishable items.<\/p>\n

Official data released by the Pakistan Bureau of Statistics (PBS) showed that the annual SPI inflation was driven by sharp increases in wheat flour (29.51%), gas charges for Q1 (29.85%), electricity charges (17.33%), tomatoes (16.83%), powdered milk (10.16%) and bananas (11.73%). Meat prices also remained elevated, with beef up 11.69% and mutton 8.98% compared to the same week of last year.<\/p>\n

However, several essential food items remained cheaper than a year earlier, partially offsetting inflationary pressures. Prices of potatoes were down 52.55% YoY, chicken 29.55%, garlic 26.18%, onions 25.71% and eggs 16.22%, indicating a significant correction from last year’s supply shock-driven highs.<\/p>\n

Weekly, the SPI fell 0.54% during the week under review, mainly due to steep declines in tomatoes (-29.67%), potatoes (-10.62%), chicken (-9.03%) and onions (-7.44%). Wheat flour, bread and sugar also recorded modest reductions, suggesting easing pressure in the most recent price cycle at the beginning of Ramazan.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Gold and silver prices surged in global and local markets on Saturday. In the international bullion market, the price of gold per ounce jumped by $100 to reach $5,278. In the domestic market, the price of gold per tola increased by Rs10,000 to Rs540,562, while the price per 10 grams rose by Rs8,574 to Rs463,444. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-42106","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/42106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42106"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/42106\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}